0800 035 2510 info@data-fox.com

Datafox are R&D Tax Credit Specialists

Our Auditing Service is provided by our team of R&D Specialists comprised of Chartered Accountants and Chartered Tax Advisors. We are able to recover 26% – 33.35% of all qualifying R&D expenditure for SME’s and 8.8% for large companies.

What is R&D Tax Credit?

Your Research and Development Tax Credits Claim with Datafox will be fast, efficient and transparent.

Introduced by the UK Government in 2000, the R&D tax relief scheme is designed to encourage innovation and global competitiveness by allowing companies to reclaim some of the money invested in qualifying research and development.

Datafox assists organisations from a range of industry sectors in accessing HMRC’s complex R&D Tax Credit scheme. HMRC’s guidance on claiming R&D tax credits is over several hundred pages long. Our specialist team comprises qualified Chartered Accountants and Chartered Tax Advisors.

What’s it worth?

SMEs can recover up to 26% (if in profit) and 33.35% (if loss-making) of all eligible R&D expenditure. Large companies/ organisations can benefit from an after tax benefit of 8.8% of the qualifying R&D expenditure. For more info see the ‘snapshot’ further down.

99.5% of elegible UK organisations miss the opportunity to reap the potential rewards offered by HMRC’s R&D Tax Credit scheme. Datafox has an experienced team with industry specialists that have a deep knowledge of the R&D landscape and our unique approach helps us deliver the best results. Once we determine you meet the basic R&D Tax Credit eligibility, our team will meet with you to identify potentially eligible projects unique to your business. Our hands-on approach as R&D Tax Specialists ensures we obtain the maximum benefit. We offer a thorough approach unlike the majority of accountants or companies offering R&D claims.

No-Win, No-Fee
Datafox operate on payment on results terms. We have a 100% success rate and as such are confident we can help you save money through business innovation tax credits and grants. We take a portion of the savings we recoup for your business and you keep the largest portion.
SME's - Recover 26% (If In Profit) Or 33.35% (If Loss-Making) With R&D Tax Credits

Eligible businesses can receive reductions in Corporation Tax liability as well as cash payments from 26% to 33.35% on qualifying R&D expenditure.

A small or medium sized enterprise (SME) is a company with less than 500 employees with either:

  • an annual turnover under €100 million
  • a balance sheet under €86 million
  • Your company isn’t an SME if it’s part of a larger enterprise that, when taken as a whole, would fail these tests.

When considering these limits, you should also include any linked, partnership or shareholding companies that have at least a 25% share in your company and/or any company that your company holds a 25% share in.

 

Large Organisations - Recover 8.8% Research And Development Expenditure Credit (RDEC)

Large companies/ organisations can benefit from an after tax benefit of 8.8% of the qualifying R&D expenditure.
A large enterprise is a company with more than 500 employees with either:

  • an annual turnover in excess of €100 million
  • a balance sheet over €86 million

 

Ready to apply?

If you’re ready to apply for your R&D tax refund, please call us on the freephone number below or use this contact form and one of our helpful team will be in touch to help.

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Latest News

“Datafox advised us of a potential cash back payment of 33.35% from HMRC on qualifying R&D spend. They handled the claim for us from start to finish ensuring it was submitted correctly, with appropriate narrative and supporting numbers maximising its fullest potential.”

Nik Hrstic COO, Brainwave Drinks